REAL ESTATE CAPITAL
Flipping Houses
Flipping is a term used to describe the process of purchasing an asset, most commonly real estate, and then selling it for a profit. This quick-profit strategy usually involves buying property at a discount as a foreclosure or fixer-upper, rehabbing the property, and selling it for more than invested.
Why Choose A Hard Money Loan For Your Project?
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Plain and simple, a hard money fix and flip loan is a loan made by a hard money lender for the investor to buy, fix and sell a house. Banks just do not understand that you can buy a property, put some money into it, and it could be worth a considerable amount more once you do this. Yes, I know banks have their 203k program, but closings on those are mostly limited to homeowners (this is not an investor product) and typically these are not quick easy closings like hard money loans are.
Why Use Hard Money?
If hard money is expensive, why would you use it? Hard money has its place for certain borrowers who cannot get traditional funding when they need it.
There's 3 reasons:
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Speed
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Flexibility
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Approval
HARD MONEY LOANS
King Capital Advisors offers a wide variety of fix and flip loans for the real estate investor looking to purchase and rehab an investment property. Our full offering of Fix & Flip, Construction, Cash Out, and Bridge Plus loan programs provide investors the ability to capitalize on the fantastic real estate opportunities that exist across our entire lending area. At King Capital Advisors we have a passion for real estate and providing the best financing solutions for real estate investors across the country as they pursue their real estate investing goals.
Fix & Flip
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For the investor who wants to purchase and renovate an investment property in order to sell it.
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90% of Purchase and Rehab Costs
Loan to ARV: Up to 75%
Term Length: 13 months
Construction
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For the investor who owns an investment property or fully platted lot free-and-clear and is in need of capital for construction.
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Loan to ARV: 70%
Term Length: 13 months
Bridge Plus
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For the investor looking to quickly purchase or refinance for resale or bridge to long term financing
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LTV: 80%
Experience: 5+ completed flips in the last 24 months
Term Length: 13 months
Cash Out
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For the investor who owns an investment property free-and-clear and desires to leverage that property for any reason.
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Down Payment: 0% (if property is owned outright)
Loan to As-Is Value: 50%
Term Length: 13 months